Onex finalises acquisition of KidsFoundation

Qlik

Onex Corporation said it has completed the acquisition of KidsFoundation Holdings B.V.

KidsFoundation is the largest childcare provider in the Netherlands. In total, the Onex Partners Group invested approximately $172 million, which includes capital from both Onex Partners IV and V.

Onex’ portion of the investment was $48 million as a Limited Partner in the Funds.

Onex said it will now begin accruing fees on Onex Partners V, with annualized private equity fees expected to increase by more than $50 million.